Barclays Forecasts Strong Price Appreciation for Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations (NYSE:HGV) had its price target upped by stock analysts at Barclays from $40.00 to $44.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 3.36% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. StockNews.com lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Mizuho dropped their price objective on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their target price for the stock from $55.00 to $35.00 in a report on Friday, August 9th. The Goldman Sachs Group initiated coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target on the stock. Finally, Truist Financial decreased their price objective on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $44.29.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $42.57 on Friday. The stock has a market cap of $4.32 billion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 2.14 and a beta of 1.82. The stock has a 50-day moving average of $37.23 and a 200-day moving average of $39.42. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. Hilton Grand Vacations has a one year low of $33.16 and a one year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, sell-side analysts expect that Hilton Grand Vacations will post 3.55 earnings per share for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently modified their holdings of the stock. Reston Wealth Management LLC acquired a new position in Hilton Grand Vacations in the 3rd quarter valued at $25,000. nVerses Capital LLC acquired a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $32,000. Blue Trust Inc. boosted its stake in shares of Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after buying an additional 588 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Hilton Grand Vacations during the second quarter worth approximately $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Hilton Grand Vacations in the 2nd quarter valued at $120,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.